Forum Replies Created
Hi NonnieE
In regards to someone saying the Focus group meetings were good you like might like to consider there are plenty of free groups that meet monthly to help each other. Often with presentations from industry professionals.
I think you mentioned you are in Melbourne? I know of two.. one of which I go to in Prahran. Private message me if you want the details.
Cheers
CraigOriginally posted by elkam:6. If , at auction, the property has not reached its reserve price then the last bidder gets to go in and bargain with the owner. If they can’t come to a deal, then the agent is free to offer it to anyone again.
At a passed in auction the highest bidder gets first right of refusal at the vendors reserve. They don’t get to bargin. The second they refuse to pay the vendors reserve the agent will let other parties know it’s still available. The agent will use this as a pressure tatic… trying to convince that highest bidder they should meet the reserve as the other agent has determined there is still interest from other bidders.
I know this from recent experience.. just sold an apartment in Richmond, VIC.
Another tip.. pretend it’s for an investment. An agent or vendor will think you are more likely to walk as an investor and hence may try to bluff you less. I certainly felt more comfortable when I worked out my highest bidder was a owner occupier.
Cheers
CraigI just had a scan of the case online and it looks like the judge ruled the applicants should never have been approved.
The interest rate was 9.2%. House price was $200k – but I couldn’t see what it was bought for orginally.
Craig
